STOCKHOLM, Sweden--(BUSINESS WIRE)--Smarteq has been nominated by Volkswagen for deliveries of antennas for the new Golf cars which shall be exported to Brazil 2013. Production will start in the second quarter of 2013. Volkswagen AG will also start equipping and preparing all other models in their model program during the second half of 2013. All cars will be prepared for the new vehicle tracking system which is expected to be put into use during 2013. Each car will have one GPS and a GSM antenna from Smarteq.
Johan Hårdén CEO Smarteq comments: “At last the preparation for the vehicle system tracking system in Brazil will start and all vehicles will now be prepared for the system.”
Smarteq’s business concept is to sell and develop antenna systems for improved access, efficiency and security in a wireless world. The prioritised market segments are Automotive and Communications. The business is focused on selling and developing antenna products for the OEM and aftermarket. Smarteq has its own resources for product development, sourcing and sales. Production is mainly outsourced to partners in Europe and Asia. Smarteq has 15 employees in Sweden and China, and marketing takes place primarily via established channels globally. Smarteq’s class B stock is traded on First North with Remium as Certified Adviser.
For more information, please visit: www.smarteq.com
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